Errors & Omissions

Don't let a mistake jeopardize the future of your business. Get the protection you need with the Travelers 1st Choice+® for Insurance Professionals Program.

OVERVIEW

As a licensed health insurance agent, broker or consultant, you risk the possibility of a claim or lawsuit every time you perform your professional services. And even if you have some type of coverage in place, it may not adequately protect you.

That is why thousands of health insurance professionals have chosen to protect themselves by purchasing the Travelers 1st Choice+® for Insurance Professionals Program, the only E&O plan fully endorsed by NAHU.

NAHU has researched all the major insurance programs in the marketplace and has only chosen to endorse this program offered through Mercer Consumer and underwritten by Travelers Casualty and Surety Company of America, Hartford, CT 06183.

You can trust Mercer Consumer to custom-tailor an individual policy to meet your needs. Mercer Consumer has an outstanding reputation for offering superior products, quality services and expertise in the professional liability marketplace. We’ve been helping NAHU members understand their need for E&O coverage since 1999.

Get A Quote

For your convenience, we provide an option of uploading a copy of your current application or downloading a new application. Click the button below to start the process.

Choice of Limits

Wider range of limits available with a maximum limit of $5,000,000/$5,000,000:

$100,000/$300,000

$250,000/$750,000

$500,000/$1,500,000

$1,000,000/$3,000,000

Choice of Deductibles

$2,500

$5,000

$7,500

$10,000

$15,000

$25,000

$50,000

$100,000

Coverage for all claims and losses depends on actual policy provisions. Availability of coverage can depend on underwriting qualifications and state regulations.

Cyber Coverage Highlights

Travelers 1st Choice+® for Insurance Professionals provides you with coverage options to help protect your business.

Automatically included within the Travelers1st Choice+® for Insurance Professionals coverage:

Network and Information Security Liability: Coverage for claims arising from unauthorized access to data, failure to provide notification of a data breach where required by law, transmission of computer virus and failure to provide authorized users with access to the company website. You’ll be covered up to your available policy limits.

Crisis Management Event Expenses: Coverage for public relations services to mitigate negative publicity. You’ll be reimbursed for up to $10,000 for each crisis event, and $30,000 for all crisis events related to a network or security breach. Also if there is a Disciplinary or Regulatory Proceeding involved there are separate limits. You’ll be reimbursed $25,000 for each Disciplinary or Regulatory Proceeding, and $50,000 for all Disciplinary or Regulatory Proceedings.

Additional cyber protection provided by optional endorsement:

Security Breach Remediation and Notification Expense: Coverage for costs associated with notification of individuals affected by a data breach, including computer forensics expenses and legal service expenses, credit monitoring for 365 days, and a call center.

Regulatory Defense Cost Coverage: Coverage for governmental claims made as a result of network and information security liability or communications liability.

FREE Holistic Risk Protection: Included with any optional cyber endorsement – your business will have access to the Travelers eRisk Hub® - an information portal that includes pre- and post-event benefits including:

A 30-minute consultation with an attorney specializing in legal matters relating to data breach

A sample incident roadmap for dealing with a privacy breach

Tools to build privacy controls, information and IT security programs

Calculators to estimate potential costs of an event

Listing of experts who help customers build/improve cyber programs

Statutory, regulatory and case law updates on privacy liability and notification obligations

Protection for Carrier Insolvency1

As long as the products you sell are fully insured by an admitted carrier that is rated A- or better by A.M. Best on the date the policy last became effective with the insurer, the policy protects you against legal liability as a result of future insolvency of the carrier.

1Mercer Health & Benefits Administration LLC makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. A.M. Best’s Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Ratings and Best’s Company Reports (which include Best’s Ratings), visit the A.M. Best website at http://www.ambest.com. See Guide to Best’s Ratings for explanation of use and charges. Best’s Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of Mercer or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Ratings. Best’s Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.

Protection Against Personal Injury Lawsuits

The policy covers personal injury lawsuits resulting from slander, libel, invasion of privacy or false arrest while performing professional services as an insurance agent or broker.

Coverage for You as an Individual Agent

Coverage is available for you as a health insurance agent, general agent or broker and that coverage extends to your nonlicensed administrative staff employees. (If you have independent contractors/sub-agents, need property and casualty coverage, or write self-insured/self-funded business, you must complete the agency application and applicable supplements).

FAQs

Travelers 1st Choice+® for Insurance Professionals Program automatically includes coverage that helps protect you if you are sued as a result of a network or information security breach. And you’re covered up to your available policy limits.

Plus, you’ll be reimbursed for Crisis Event Expenses up to $10,000 for each crisis event/$30,000 for all crisis events related to a network or security breach. And you’ll have the option to obtain additional cyber coverage! Please refer the ‘Cyber Coverage Highlights’ section.

Past or present owners, partners in the Named Insured or Predecessor Firm;

Past or present members of the board of managers, directors, executive officers, or shareholders of the Named Insured or Predecessor Firm;

Past or present employees of the Named insured or Predecessor Firm; or

Independent Contractors can be added individually by optional endorsement, provided that such person is or was acting within the scope of their duties on behalf of the Named Insured or Predecessor Firm.

You are not restricted under this policy on where you can place business. However, there is no coverage for claims arising out of insolvency for carriers rated less than A- by A.M. Best at the time of placement.